LEAP India listed at ₹165.9 against the issue price of ₹159 on the NSE on Friday
Shares of KKR-backed LEAP India fell 5.3% in their trading debut on Friday, valuing the supply chain logistics firm at ₹6,918 crore ($725.2 million).The shares listed at ₹165.9 apiece on the National Stock Exchange of India, a premium of 4.3% to their issue price of ₹159.Here are the key details:• The KKR-backed firm had received bids for 8.38 times the number of shares on offer in a $260-million IPO• The IPO comprised a fresh issue of shares worth $50.3 million and an offer-for-sale of $209.7 million, mostly by KKR-backed Vertical Holdings II• The trading debut comes in a subdued market, with the benchmark Nifty 50 index down 0.2%• Retail investors subscribed 1.71 times the shares reserved for them, on valuation concerns, analysts said• “Declining EBITDA margins despite rapid scale-up, sensitivity to utilisation and asset recovery, and the absence of direct listed peers temper near-term earnings visibility and valuation comfort,” Arihant Capital said in a note last week• Vertical Holdings II sold about $39 million worth of shares in LEAP India in a private placement ahead of the public launch of the IPO ($1 = 95.3900 Indian rupees)Published on August 14, 2026
